Purchased goods from Rakesh Rs 40,000 Trade discount 20% and cash discount 5% 1/4 th of the amount - Accountancy - Recording of Transactions - II

Question

Purchased goods from Rakesh Rs 40,000 Trade discount 20% and cash
discount 5% 1/4 th of the amount paid immediately by cheque
Journalise

Kavita Karn · Accepted Answer

Purchased goods from Rakesh Rs.40,000. Trade discount 20% and cash discount 5%. 1/4 th of the amount paid immediately by cheque. Journalise